“Today, the principal activity of any publicly held company is rarely the creation of products to satisfy a market need. **Management attention is instead largely directed towards the invention of plausible-sounding efficiency narratives to satisfy financial analysts**, many of whom know nothing about the businesses they claim to analyse, beyond what they can read on a spreadsheet.” --- **Tags** -- [[quotes]], [[incentives]] , [[story-bias]] , [[defensive-decision-making]] **Source** -- [[202407221554 - B - Alchemy]]